It’s never too early to think about retirement. Ideally, retirement planning should begin by the time or even before you receive your first-ever paycheck, but the best time to start is always as soon as possible. Just open and contribute to a 401(k) plan, and you’ll be on the right track towards a better retirement situation.
Considered one of the most popular investment options for employees, a 401(k) is an employer-based retirement savings account to which you contribute money from your salary before taxation. That means your salary will only be taxed after saving the money in your 401(k).
The tax break, however, is only the tip of the iceberg when it comes to the benefits of 401(k) plans. Aside from tax advantages, a 401(k) account also allows for loan and hardship withdrawals, portability, and of course, investment customization and flexibility.
With a 401(k) retirement plan, you have a wide range of choices when it comes to how your assets are invested, and that is something that we at Bennett and Porter can help you out in a big way.
Since 2002, Bennett & Porter has been helping people manage their retirement funds. Talk to our Certified Financial Planners, and you will be able to discuss with them your plans and goals for your retirement. By the time you’re done talking to our experts, you will have a clearer vision of how you’re going to retire with your future already secure.
Bennett & Porter is based in Scottsdale, Arizona, but we serve clients from anywhere else in the country. So, no matter where you reside within the United States, please don’t hesitate to call us at 480-212-1150. Our team would be more than happy to answer any question you might have about your 401(k) and other retirement options.